Solana Hits $174 as Institutional Staking Demand Builds Toward $185

- Liquid staking token LsSOL launches to meet institutional demand. - SOL price trends toward key $185 resistance level amid bullish signals. On July 16, 2025, Cointelegraph reported that Liquid Collective, in partnership with Coinbase and Kraken, launched a liquid staking token (LsSOL) on Solana. This move is fueling bullish momentum and pushing the SOL price toward the $185 resistance. Key industry players such as Galaxy, Anchorage Digital, and Fireblocks are also involved in the initiative, which aims to address growing institutional interest in staking solutions. Additionally, this development coincides with rising anticipation for U.S. regulatory approval of Solana-based exchange-traded funds (ETFs). The liquid staking token LsSOL offers institutional investors flexible staking options, allowing them to engage with Solana's staking ecosystem without major capital lock-ups. By improving access to staking mechanisms, LsSOL is positioned to deepen institutional participation in Solana, a network already recognized for its robust infrastructure and increasing adoption among larger market players. Technical indicators suggest sustained bullish momentum for SOL, as the price recently completed an inverse head-and-shoulders pattern, breaking above $159 and establishing support at that level. A 20-day exponential moving average trending upward and a rising relative strength index (RSI) further underscore this positive sentiment. If buying pressure keeps SOL above $168, the SOL/USDT pair could challenge the $185 resistance, and a successful breakout could extend gains to $210. Conversely, if SOL fails to maintain current support, the price may pull back toward $144 or even $137. As of 21:08 UTC on July 16, Solana (SOL) was trading at $174.692, while its 24-hour trading volume had increased by 8.556%, according to market data.